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Private 5G Network Market Size Worth $8.32 Billion By 2027 | CAGR: 36.8% | Polaris Market Research

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Private 5G Network Market Size Worth $8.32 Billion By 2027 | CAGR: 36.8% | Polaris Market Research

September 23
23:24 2020
Private 5G Network Market Size Worth $8.32 Billion By 2027 | CAGR: 36.8% | Polaris Market Research

“Polaris Market Research”
The new published report by Polaris Market Research is estimated to be valued at USD 924.4 million in 2020 and is expected to reach USD 8.32 billion by 2027 to grow at a CAGR of 36.8% From 2020-2027

The global private 5G network market size is expected to reach USD 8.32 billion by 2027 according to a new study by Polaris Market Research. The report “Private 5G Network Market Share, Size, Trends, Industry Analysis Report, By Component Outlook (Hardware, Services); By Frequency (Sub-6 GHZ, mmWave); By Spectrum (Licensed, Unlicensed/Shared); By Vertical (Manufacturing, Energy & Utilities, Transportation & Logistics, Aerospace & Defense, Government & Public Safety, Enterprises, Mining, Healthcare, Oil & Gas, Others); By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 A private 5G network is a cellular network which comprises of core network servers and cell sites to support the connectivity. Also, maximizes WAN connection to mobile end points.  In addition, this network provides features such as network slicing, far lower latency, superior bandwidth, among others. Moreover, a private 5G network provides industries with high-performing networks and helps in operations of several technologies such as automated guided vehicles (AGVs), drones, sensor technology, heavy machinery automation, robotics, and others. To address wireless communication requirements in operations of industries, public safety and others is leading to rise in demand of private 5G networks.

Furthermore, in the wake of COVID-19 pandemic, the Wi-Fi hotspots are overloaded and the demand has increased significantly for higher capacity & data speeds. Therefore, incorporating of private 5G networks has increased among the private organization, regulators, manufacturers, and other potential users globally.

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Factors such as demand & applications for real-time based networking and Time-sensitive Networking (TSN) has tremendously increased among several industry vertical such as oil & gas, manufacturing, aerospace, and transportation. Thus, due to this increased application & technological development are fueling the demand for private 5G network and is expected to witness significant growth during the forecast period.

Market participants such as Altiostar, AT&T Inc., Broadcom Inc., Cisco Systems, Deutsche Telekom, Huawei Technologies Co, Nokia Corporation, Qualcomm Technologies, Inc., Samsung, Telefonaktiebolaget LM Ericsson, T-Systems International GmbH, Verizon Communications, Vodafone Limited, and ZTE Corporation are some of the key players operating in the global market.

 Private 5G Network Market Report

Players in the market are focusing on developing new products and partnering with industrial manufacturers to establish a private 5G network-based devices on a private 5G network within the geographic footprint. For instance, in July 2020, Nokia has launched a commercial 5G standalone private wireless networking solution for businesses in the marketplace that would accelerate digitalization in different sectors.

Cisco introduced Premium Mobile Broadband (PMB) is a private LTE solution that delivers high-speed mobility and allows security for mobile roaming. Accenture and AT&T has developed a private cellular network solution for manufacturing, energy, and logistics for multinational Phillips 66.

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Table of Contents

Introduction

Executive Summary

Research Methodology

Private 5G Network Market Insights

Private 5G Network Market Assessment by Component

Hardware

  • Radio Access Network
  • Core Network
  • Backhaul & Transport Interconnecting

Services

  • Installation & Integration
  • Data Services
  • Support & Maintenance

Global Private 5G Network Market, by Frequency

  • Sub-6 GHz
  • mmWave

Global Private 5G Network Market, by Spectrum

  • Licensed
  • Unlicensed/Shared

Private 5G Network Market Assessment by Vertical

  • Manufacturing
  • Energy & Utilities
  • Transportation & Logistics
  • Aerospace & Defense
  • Government & Public Safety
  • Enterprises
  • Mining
  • Healthcare
  • Oil & Gas
  • Others

Private 5G Network Market Assessment by Geography

  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Spain, Netherlands, Austria)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • MEA (Saudi Arabia, UAE, Israel, South Africa)

Competitive Landscape

Company Profiles

Continued…

List of Tables

Table 1 Global Private 5G Network, By Component, 2020 – 2027 (USD Million)

Table 2 Global Private 5G Network, by Frequency , by Region, 2020 – 2027 (USD Million)

Table 3 Global Private 5G Network, by Spectrum, by Region, 2020 – 2027 (USD Million)

Table 4 Global Private 5G Network, by Vertical, by Region, 2020 – 2027 (USD Million)

Continued…

List of Figures

Figure 1. Market Highlights (2019, Revenue)

Figure 2. Integrated Ecosystem

Figure 3. Research Methodology: Top Down & Bottom Up Approach

Figure 4. Market by Geography

Continued…

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About Polaris Market Research

 

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavour to deliver value-added business solutions to our customers

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